Soybeans close 11¢ lower
DES MOINES, Iowa ()Agriculture.com--On Wednesday, the CME Group soybean markets took the brunt of the pressure, as China announced canceling a previous order of U.S. soybean purchases.
At the close, the March corn futures contract settled 1 1/2 cents lower at $4.40. The March soybean futures contract ended 11 3/4 cents lower at $13.23. March wheat futures closed 3 1/4 cents lower at $5.87 per bushel. The March soymeal futures contract ended $5.70 per short ton lower at $443.50. The March soyoil futures finished $0.14 higher at $38.99.
In the outside markets, the NYMEX crude oil is $0.17 per barrel higher, the dollar is higher, and the Dow Jones Industrials are 55 points lower.